AC Milan has vowed to fight their ban from next season's Europa League competition following an investigation of the club's finances.
The governing body disclosed the suspension this afternoon having looked into whether Milan had complied with the Financial Fair Play (FFP) regulations, in particular, the break-even requirement.
A UEFA statement read: “The club is excluded from participating in the next UEFA club competition for which it would otherwise qualify.”
The Italian club, who finished sixth in Serie A last season, qualified for next season's Europa League and so the ban would prevent them from playing in that competition.
However, later on Wednesday evening, Milan announced they would appeal against the ban to the CAS.
“AC Milan has instructed its legal team to appeal the decision before the Court of Arbitration for Sport in Lausanne, seeking for a prompt review of the ruling,” AC Milan said.
“AC Milan fully trusts the CAS will hear its arguments and will refrain from commenting further pending the arbitration.”
Milan are said to have argued their finances are now stable owing to their takeover by Li Yonghong last year but UEFA has still acted.
Before the decision, Milan released a video on Twitter saying they expected “fairness, rulings based on facts and equal rules for all” from UEFA.
The statement said Milan are “ready to pay for the errors made in the past” and “have the utmost respect for the rules, but we expect equality”.
This article was most recently revised and updated 3 years ago